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China Morning Snapshot – 26 March 2024
26 Mar 2024 The continued falling futures contracts weighed heavily on the trading sentiment, as such, Chinese players are surprised that Shenhua Auction Platform achieved strong sales results this morning.
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26 Mar 2024

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26 March 2024 - Shenhua's coal-based PP and PE Auction Results

Many traders were puzzled by the market response but anticipated the favourable outcome was due to a sizable number of buyers returning to the market today as the auctioned price was still about CNY50/ton lower than local prices.
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25 Mar 2024

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Saudi maker offers $10/ton reduction on April PE shipment to Vietnam

Purchasing activities in Vietnam have been relatively soft over the past weeks despite the unexpected shutdown at Long Son Petrochemical that would curtail local HDPE and LLDPE supply at least until June 2024.
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25 Mar 2024

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Price List: Zhongjing lifted export PP offers despite soft local demand, weak Yuan

Key Chinese PP producer – Zhongjing Petrochemical once again lifted export PP offers by $5/ton from the previous week citing the lack of sales pressure. Nevertheless, the upward price adjustments face numerous questions among overseas buyers
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25 Mar 2024

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China Morning Snapshot – 25 March 2024

Despite the persistent weakening futures contracts, local suppliers opted to maintain spot PP and PE offers stable, fetching the support from the depreciating Yuan against the US dollar.
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25 Mar 2024

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25 March 2024 - Shenhua's coal-based PP and PE Auction Results

The concluded volume on the Shenhua Auction Platform were higher today compared to Friday’s session for all grades, however, dealt prices for PP and LLDPE were lower by CNY20 – 70/ton.
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22 Mar 2024

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Key local producer in Indonesia slashes PE offers to counterbalance sluggish demand

In contrast to the firm stance from the maker, Indonesian traders started cutting prices right after the government announced the abolishment of the import quota system on 8 March 2024.
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22 Mar 2024 SPVC k67-68 SPVC (A) k67-68

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Chinese PVC market inches higher on supply concerns, rising futures contracts

A rebounded key futures contract on the Dalian Commodity Exchange in addition to the rising energy complex supported the firming trend, yet market participants are not convinced that this uptrend could be sustained.
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